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Deutsche Bank to pay $55 million in SEC derivatives risk settlement
trueDeutsche Bank will pay $55 million to settle SEC charges that the bank did not disclose in its financial reports the full risk of a derivatives portfolio.
Illinois Teachers invests in 2 managed futures strategies, earmarks $1.1 billion total
trueIllinois Teachers' Retirement System approved investments or commitments totaling up to $1.1 billion at a board of trustees meeting Friday.
SEC approves small-cap tick pilot
trueThe Securities and Exchange Commission on Thursday gave final approval for a two-year pilot program beginning May 6, 2016, to increase the tick sizes — minimum quoting and trading increments — for smaller-cap stocks.
Dark pool for bonds might depend on equity success
trueThe recent launch by eight large U.S. money managers of an equity dark pool has some wondering if something similar could be built by the buy side for fixed-income trading.
Experts see trouble ahead from MiFID II
trueEuropean market regulators' efforts to apply equity templates to trading in other asset classes will be felt by U.S. money managers and asset owners through higher trading costs, reduced investment performance and a potential move to more in-house management by asset owners, industry analysts said.
Study: Naked short selling did not cause 2008 crash
trueFails to deliver under naked short selling did not cause the 2008 financial market crash, a new study says.
SEC proposal would require certain non-U.S. swap dealers to register in U.S.
trueThe SEC on Wednesday proposed requiring non-U.S. swap dealers that operate trading desks in the U.S. to register with the agency as a security-based swap dealer.
OTC derivatives markets down in the second half of 2014
trueOver-the-counter derivatives markets contracted 8.9% in the second half of 2014, according to data released Thursday by the Bank for International Settlements.
Twitter stock drops 18.2% on leaked earnings release
trueTwitter Inc. saw its stock price drop 18.2% on Tuesday after its first-quarter earnings release leaked.
Milken panel takes aim at ways to improve TRACE
trueFinding ways to improve the Trade Reporting and Compliance Engine was debated by a panel at the Milken Institute Global Conference on Monday.
U.K. trader accused of manipulation tied to 2010 flash crash
trueA U.K. futures trader contributed to the May 2010 flash crash by engaging in illegal bait-and-switch practices, U.S. authorities said.
BATS Global names global head of exchange-traded products
trueLaura Morrison was named senior vice president, global head of exchange-traded products, at BATS Global Markets.
High-frequency trader Virtu Financial's shares soar on first day of trading
trueShares of Virtu Financial closed at $22.20 Thursday on the Nasdaq Stock Market, up 16.84% from the IPO price of $19 set Wednesday.
BATS to launch second options exchange
trueBATS Global Markets plans to launch EDGX Options, its second options exchange, said a filing Thursday with the Securities and Exchange Commission.
Canaccord Genuity CEO dies following illness during Hawaii triathlon
truePaul Reynolds, CEO at Canadian brokerage and investment bank Canaccord Genuity Group, died Wednesday, three days after falling ill while competing in a triathlon near Kona, Hawaii.